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Small Business
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More than 1,400 Maine applications so far for $410M in small-biz loans
Renee Cordes April 6, 2020Applications are pouring in for loans under the new federal Paycheck Protection Program, keeping bankers and others busy. The district director of the Maine SBA District Office shares the latest numbers with Mainebiz.
Renee Cordes April 6, 2020
Crowded field of Maine businesses expected in race for $349B in small biz loans
Renee Cordes Updated: April 2, 2020Days before the federal Paycheck Protection Plan is expected to go live, Maine banks are getting ready and are already flooded with inquiries. Mainebiz talked to bank executives and other experts concerned about how the race for cash will turn out.
Renee Cordes Updated: April 2, 2020
Portland extends stay-at-home order, Immigrant Welcome Center demands fairness
Renee Cordes March 31, 2020Councilors extended the stay-at-home order, with amendments that include a temporary ban on short-term rentals during the pandemic. Meanwhile, a local immigrant advocacy group is calling for fairness in such emergency measures.
Renee Cordes March 31, 2020
Communities urge state, feds to do more to help Maine small businesses
Maureen Milliken March 31, 2020The 10 towns in the Maine Development Foundation Main Street Maine program have a list of suggestions for Gov. Janet Mills and the state's congressional delegation that may help businesses stay afloat during the coronavirus crisis.
Maureen Milliken March 31, 2020
Maine Mall closes after Mills' mandate
Staff March 25, 2020While the South Portland mall is officially closed, some stores that provide essential services and have their own entrances may be open, as well as restaurants that offer takeout.
Staff March 25, 2020
Creative Portland seeks to raise $50K in emergency relief for local artists
Renee Cordes Updated: March 25, 2020The goal of the Portland Artist Relief Fund is to disburse $500 stipends to 100 artists to help them make ends meet during the current public health crisis.
Renee Cordes Updated: March 25, 2020
Mills restricts nonessential businesses, Portland tells residents to stay home
Maureen Milliken Updated: March 25, 2020Gov. Janet Mills mandated that all nonessential businesses close their public-facing facilities, and urged essential ones to crack down on physical distancing, while Portland takes the pandemic response "a step further."
Maureen Milliken Updated: March 25, 2020
Survey: Small business disruption has skyrocketed during health crisis
Maureen Milliken March 24, 2020Businesses report slowdowns in sales, supply-chain disruptions and an increase in sick employees. More than half of small-businesses owners have either contacted lenders about financing or plan to, even if they haven't yet felt an impact.
Maureen Milliken March 24, 2020
Chambers look to support economy after Mills' order halts dining in, gatherings
Maureen Milliken March 19, 2020As restaurants, bars and other businesses are restricted for the coming weeks, chambers of commerce and other groups are jumping in to support businesses and share resources to buoy the Maine economy.
Maureen Milliken March 19, 2020
What the Fed rate cut means for Maine businesses and consumers
Renee Cordes March 16, 2020In Maine, bank executives and others in the financial services sector welcomed the Fed action as mainly positive for businesses and consumers in the longer term.
Renee Cordes March 16, 2020
Maine’s edible seaweed industry may double production in next five years
Staff Updated: March 4, 2020Global production far outpaces domestic production of farmed edible seaweed, but new research indicates Maine's production will grow an average of 12% to 15% annually over the next decade and will more than double by 2025.
Staff Updated: March 4, 2020
Main Street Skowhegan launches tech grants for small business program
Maureen Milliken February 14, 2020Small businesses and startups can get grants for between $500 and $2,000 in a new program funded by a variety of area lending institutiions.
Maureen Milliken February 14, 2020
Tiny homes legislation may unblock development bottleneck
Maureen Milliken Updated: February 14, 2020New legislation may create a way forward for an industry that stalled after a ruling by the secretary of state last summer, as proponents push tiny homes as a housing and economic solution.
Maureen Milliken Updated: February 14, 2020
Maine small business growth strong, thriving, report shows
Maureen Milliken February 10, 2020Maine Small Business Development Centers helped entrepreneurs launch 133 businesses in the state last year, creating more than 400 jobs, and found that 72% of client businesses that started in 2016 are still open, above the state and national
Maureen Milliken February 10, 2020
New American, Native American business co-op efforts in Maine get USDA boost
Staff January 17, 2020The Cooperative Development Institute, which helps rural and minority groups form business co-ops, has been awarded $420,000 in federal grants to bolster programs in Maine, as well as across New England and New York.
Staff January 17, 2020
Delegation warns that trade tiff is hurting Maine small business
Renee Cordes January 9, 2020The state's congressional delegation is urging the Trump administration to avoid "subjecting Maine to harm" from an ongoing transatlantic trade dispute.
Renee Cordes January 9, 2020
Today's Poll
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall economy.
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn More
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn More
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn more-
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
-
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
-
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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